Benefit corporations are for-profit companies. You can incorporate your business as a benefit corporation and further become certified as a B Corp by the nonprofit B Lab. These entities are required to adhere to rigorous standards of social and environmental performance, accountability, and transparency. The transparency does not include taxation.
Currently, 33 states and Washington, D.C. have passed legislation allowing for the creation of benefit corporations. Need to know more or have questions about forming a Benefit Corporation, contact us for assistance.